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STERLING AND WILSON SOLAR Plunges 4%; BSE CAPITAL GOODS Index Down 1.9%
Thu, 19 Sep 14:57

STERLING AND WILSON SOLAR Plunges 4%; BSE CAPITAL GOODS Index Down 1.9%Image source: Ivcandy/www.istockphoto.com

STERLING AND WILSON SOLAR share price has plunged 4% and is presently trading at Rs 684.7.

Meanwhile, the BSE CAPITAL GOODS index is at 71,419.0 (down 1.9%).

Among the top losers in the BSE CAPITAL GOODS index today are HINDUSTAN AERO. (down 4.5%) and ABB (down 4.0%).

TIMKEN INDIA (up 1.1%) and ADANI GREEN ENERGY (up 0.4%) are among the top gainers today.

Over the last one year, STERLING AND WILSON SOLAR has moved up from Rs 360.0 to Rs 684.7, registering a gain of Rs 324.7 (up 90.2%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,095.4 to 71,419.0, registering a gain of 51.6% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 112.6%), BHEL (up 101.8%) and ADANI GREEN ENERGY (up 94.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 83,138.3 (up 0.2%).

The top gainers among the BSE Sensex today are NTPC (up 2.3%) and Nestle (up 2.0%). The most traded stocks in the BSE Sensex are NTPC and Tata Steel.

In the meantime, NSE Nifty is at 25,407.2 (up 0.1%). NTPC and Nestle are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 83,138.3, registering a gain of 15,541.5 points (up 23.0%).

STERLING AND WILSON SOLAR Financial Update...

STERLING AND WILSON SOLAR net profit grew 105.1% YoY to Rs 48 million for the quarter ended June 2024, compared to a loss of Rs 953 million a year ago. Net sales rose 77.7% to Rs 9,151 million during the period as against Rs 5,150 million in April-June 2023.

For the year ended March 2024, STERLING AND WILSON SOLAR reported 82.1% increase in net profit to Rs -2,108 million compared to net loss of Rs 11,750 million during FY23. Revenue of the company grew 50.6% to Rs 30,354 million during FY24.

The current Price to earnings ratio of STERLING AND WILSON SOLAR, based on rolling 12 month earnings, stands at -144.4.


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